Best-Performing Funds Found Ways
To Make Stocks Work in Their Favor

In one of the worst 12-month stretches on record for stock investors, some mutual-fund managers managed to stay afloat. In fact, a few sailed to triple-digit gains.

Like all investors, the successful fund managers had to contend with the end of the decade-long bull market and the beginning of a period of economic uncertainty. In the year ended March 31, the Nasdaq Composite plunged 59.76% and the Standard & Poor's 500-stock index...